Impact on a Typical Homeowner
For every $100K of assessed property tax value, the typical home owner would pay $714 a year in property taxes, an increase of $14 per $100K compared to last year.
Impact of the Approved 2022 municipal tax increase
per $100,000 of assessment value, residential
|
2020 Budget
|
2021 Budget
|
2022 Budget
|
Annual Impact
|
Municipal Services |
$447 |
$450 |
$459 |
$9 |
Police Services |
$150 |
$157 |
$160 |
$3 |
Alley Renewal |
$65 |
$69 |
$70 |
$1 |
Valley Line LRT |
$20 |
$24 |
$25 |
$1 |
Per $100K of assessment value, residential |
$682 |
$700 |
$714 |
$14 |
Impact of the Approved Tax Increase
|
|
2019 |
2020 |
2021 |
2022 |
Municipal Services |
|
0.8 |
(0.5) |
(1.8) |
1.4 |
Police Services |
|
1.2 |
1.0 |
0.6 |
0.1 |
Alley Renewal |
|
- |
- |
0.3 |
0.3 |
Valley Line LRT |
|
0.6 |
0.8 |
0.6 |
0.1 |
|
|
2.6 |
1.3 |
(0.3) |
1.9 |